University of Worcester Worcester Research and Publications

Saving the Environment Doesn't Need to Cost Money!

Emblen-Perry, Kay ORCID: and Duckers, L. (2019) Saving the Environment Doesn't Need to Cost Money! The International Journal of Professional Management. ISSN 2042-2341 (In Press)

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Traditionally, UK for-profit organisations have expected to maximise profits and deliver value for customers; from the external perspective, it is hoped they achieve realistic profits and generate employment. However, these expectations are now changing. Customers expect products and services that, as well as providing value, also reduce environmental impacts. This is often publicised through costly environmental management accreditations.
Although ‘no cost’ behavioural and ‘low cost’ environmentally considerate interventions have emerged in the last two decades, businesses continue to struggle to realise opportunities that reduce environmental impacts and demonstrate environmental responsibility to satisfy stakeholder demands as they are embedded in economic systems in which improvement equals investment. Environmental impact reductions have become environmental impact offsets synonymous with financial expenditure and demands for trained staff rather than cost reduction, which generally challenges an organisations’ financial strategy. Organisations therefore frequently fear environmental performance improvement.
In an attempt to overcome this cost based view of environmental responsibility this paper presents a more financially accessible approach to environmental management; the Environmental Value for Money Framework. The Environmental Value for Money Framework is offered as a tool to generate a self-funding and economically viable environmental management strategy to encourage businesses to engage in carefully planned and economically viable environmental impact reductions.

Item Type: Article
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This journal incorporates the International Journal of Professional Management, the Journal of the International Professional Managers Association and the IPE Management School, Paris.

Uncontrolled Discrete Keywords: environmental management, Environmental Value for Money Framework, environmental impacts
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HF Commerce
Divisions: College of Business, Psychology and Sport > Worcester Business School
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Depositing User: Kay Emblen-Perry
Date Deposited: 29 Jul 2019 15:34
Last Modified: 19 May 2022 11:36

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